Besides, all these richest musicians in Africa are actually featured on the Forbes list.
In fact, they have ranked as the top richest musicians in Africa with their net worth in 2020.
If you are a Nigerian citizen, you will be glad to know that most of the top richest musicians in Nigeria are also on this list.
Looking at the list, you will see the likes of Wizkid, Davido, and Don Jazzy representing the Nigeria music industry.
Moreover, they are no surprise to you that Akon is the richest musician in Africa.
He gains the first list with 80 million dollars net worth as estimated by Forbes.
Nevertheless, most of his wealth are from endorsement deals and his own record label.
But we all know that he is not the only celebrity you will find in the top 10 richest musicians in Africa.
Top 10 Richest Musicians In Africa 2020
Here are the top 10 richest musicians in Africa and their net worth in 2020.
1. Akon – Net Worth $80 Million
Akon is a Senegalese-American singer, songwriter, record producer, entrepreneur, philanthropist, and actor.
However, he was born as Aliaume Damala Badara Akon Thiam on April 16, 1973, in St. Louis, Missouri, US.
Besides, Akon owned two records label which has signed the richest musicians like Lady Gaga and T-Pain.
In fact, he has been recorded that he received over 35 million sales on his songs and albums over the years.
Apart from that, Akon has also been a music record producer for Micheal Jackson and Snoop Dogg.
Moreover, he has also taken two places in the Billboard Hot 100 charts twice.
Akon also releases his song in different languages apart from English, most of the languages are Spanish, Tamil, and Hindi.
However, Akon has been nominated for Grammy Awards in five consecutive times.
In addition to that, Akon has been featured in the Guinness Book of World Records as the number one best selling artist for master ringtones in the world.
Currently, Akon’s net worth is estimated at 80 million dollars.
2. Black Coffee – Net Worth $60 Million
He was born as Nkosinathi Inno Maphumulo on 11 March 1976 in South Africa.
However, Black Coffee is a DJ, record producer and the owner of a record label called “Soulistic Music Record Label”.
Besides, he is the richest musician in Africa and the second richest musician in Africa.
Moreover, Black Coffee is not well known in Nigeria’s audience but is widely known internationally.
You will be glad to know that he has won many awards both nationally and internationally.
In fact, some of his awards include ” DJ Awards for Breakthrough DJ Of The Year ” in 2015.
Currently, Black Coffee’s net worth is estimated at 60 million dollars.
3. Davido – Net Worth $24 Million
Davido was born as David Adedeji Adeleke on November 21, 1992, in Atlanta, Georgia, US.
However, he is a Nigerian singer, songwriter, and record producer who owned the record label called “DMW Record”.
Apart from that, he has also been signed to another successful record label called “Sony Music Entertainment”.
He is also the co-owner of “HKN Music” another record label owned by Adewale Adeleke, who happens to be Davido brother.
However, he has also been a record producer for Naeto C, Skales, Tiwa Savage and Sauce Kid.
Besides, he has won many awards which include “Music Video of the Year” on Ben TV Awards and “African Artiste Of The Year” on Ghana Music Awards.
Even when Davido is from the wealthiest family, he has always claimed that all his wealth are from music and endorsement deal.
Some of the endorsement deals that really stand out for Davido are with MTN, Ifinix Mobile, and Guinness Nigeria.
Currently, Davido net worth is estimated at 24 million dollars.
4. Wizkid – Net Worth $20 Million
Wizkid born as Ayodeji Ibrahim Balogun on 16 July 19900, in Surulere, Lagos, Nigeria.
However, He is a Nigerian singer and songwriter who started his music career at the age of 11 in a church choir.
During that time, he managed to release a collaborative album with the Glorious Five, a group he and a couple of his church friends formed.
Later in 2009, Wizkid was signed to Banky W record label called “Empire Mates Entertainment (E.M.E)”.
Moreover, Wizkid rose to the state of relative important after the release of a new single “Holla at Your Boy”.
After that, he founded a record label of his own called “Starboy Entertainment” in 2013.
In 2016, He started gaining international recognition after his collaboration single “One Dance” with Drake which top chart in 15 countries worldwide.
Apart from that, Wizkid has also been featured by Beyonce on the single “Brown Skin Girl”.
In 2018, Wizkid was featured in the Guinness World Records as the first Afrobeats artist from Africa.
Most of the endorsement deals that bring him more money are with MTN, Guinness, Glo, and Pepsi.
Currently, Wizkid net worth is estimated at 20 million dollars.
5. Don Jazzy – Net Worth $10 Million
Don jazzy is also one of the richest musicians in Africa who happens to drop from third to fifth position in 2020.
However, he was born as Michael Collins Ajereh on November 26, 1982, in Umuahia, Abia State. Nigeria.
Besides, he is a Nigerian record producer, singer, songwriter, actor, and entrepreneur.
He co-founded a record label called “Mo’Hits Records” with D-Banj in 2004.
But in 2012, he decided to start a new record label called “Mavin Records” where he has signed musicians like Tiwa Savage, Di’ Ja, Reekado Banks, and others.
Moreover, Don Jazzy has won awards as “Producer of the year” for four consecutive times.
Currently, Don Jazzy’s net worth is estimated at 10 million dollars.
6. Sarkodie – Net Worth $7 Million
Sarkodie is a Ghanian rapper and entrepreneur born as Michael Owusu Addo in Tema, Ghana.
However, he is the owner of a record label called “Sarkcess Music record label” and a fashion business called “Sark Clothing”.
Besides, he happens to be the only Ghana artist which you will find in this list of the richest musicians in Africa.
In addition to that, he is the richest musician in Ghana with a net worth of 7 million dollars.
Most of the endorsement deals that bring him money are with Samsung Electronics and FanMilk.
He has also partnered with Tigo Telecommunications, Ghana for the business which sponsored Sarkodie Foundation and his Rapperholic tour in 2013.
Apart from that, he has featured some Nigerian musicians like Davido, 2baba, Banky W, Timaya, Burna Boy, Tiwa Savage and more.
Moreover, He was the third richest musician in Africa as of 2015 but drop to the sixth position in 2020.
7. Tinashe – Net Worth $6 Million
Tinashe was born as Tinashe Jorgensen Kachingwe on February 6, 1993, in Lexington, Kentucky, U.S.
However, she is a singer, songwriter, dancer, record producer, and actress who happens to be a citizen of Zimbabwe.
At the same time, she also happens to be the only female musician on the list and the richest musician in Zimbabwe.
She started his career in playing a role in children film, cartoon, and aminated film back in the year 2000.
Besides, she was also a member of girl group dancers and singers called “The stunners” between 2007 to 2011.
Moreover, she has released numerous songs and mixtapes which peaked her at number 58 on the Billboard 200 chart and has reached number 6 on the UK R&B Albums chart.
Tinashe is currently signed to a record label called “RCA Records” which has helped her won “Music Artist of the Year” in Zimbabwe Achievers Awards, US.
8. Hugh Masekela – Net Worth $1.5 Million
Hugh Masekela was born on 4 April 1939, in Witbank, South Africa.
However, he is a trumpeter, flugelhornist, cornetist, singer, and composer who has been described as “the father of South African jazz”.
He happens to be the second richest musician in South Africa with a net worth of 1.5 million dollars.
Besides, he has released over 60 albums and songs from 1962 to 2016.
Moreover, he has won the “International Award of the Year” by BBC Radion Jazz Awards in 2002.
Additionally won the “Legend Award” by MTV Africa Music Awards in 2016.
He has also been nominated for Grammy award for three consecutive times.
In 2019, Google decided to honor him with Google Doodle.
This was to render a symbol of something, using words, sounds, images, or other means for his 80th birthday.
9. Oliver Mtukudzi – Net Worth $1.2 Million
Oliver Mtukudzi was born on 22 September 1952 in Zimbabwe.
However, he is a musician, businessman, philanthropist, human rights activist and UNICEF Goodwill Ambassador for Southern Africa Region.
He has also been announcing as Zimbabwe’s most famous and internationally recognized cultural icon.
Besides, he has released over 60 albums with over 20 awards to date.
10. Jidenna – Net Worth $1 Million
Jidenna known for his stage name was born on May 4, 1985, in Wisconsin, US.
However, His full name is Jidenna Theodore Mobisson and also an indigene of Edo State in Nigeria.
He is a rapper, singer, songwriter and record producer.
Moreover, he is currently signed to Janelle Monáe’s Wondaland Records label and distributed through Epic Records.
Jidenna has also been nominated for Grammy award in 2016.
Apart from that, he has won four awards under Soul Train Music Awards which includes “Song of the Year” and “Best Dance Performance” Award.